any site to calculate w2 pay scale
esswok
Member Posts: 74 ■■□□□□□□□□
i have an offer to do w2 work but do not know what the hourly pay should be, can anyone provide a link please.
Comments
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Everyone Member Posts: 1,661Alabama Hourly Paycheck Calculator | Hourly Calculator | Paycheck City
Ignore that it says Alabama in the link title, you can select your state from the drop-down.
W2 work is just like working for anyone else, you fill out a W4, and then at then come tax time, the company you're working for gives you a W2. -
esswok Member Posts: 74 ■■□□□□□□□□Thanks, but i guess i did a bad job of explaining what i was looking for. I will make an example simplyhired.com has a salery scale calculator we have all used it correct.
So
for contract work is what i am looking for 1099, or W2 houyrly pay scales for network engineer, system admin,... -
Everyone Member Posts: 1,661For W2 work, use the salary you find on a site like salary.com (or simplyhired.com as you mentioned), then just divide the annual salary by 52, then again by 40. (52 weeks in a year, 40 hours in a work week)
Example, $100,000/yr = $48.08/hr.
For 1099 you'd probably want to add a few $/hr to whatever you decide on for a W2 rate. -
Bokeh Member Posts: 1,636 ■■■■■■■□□□Or divide the salary by 2080 and that will give you the hourly rate as well.
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esswok Member Posts: 74 ■■□□□□□□□□we have big difference to deal with, more than the math of a single number.
I will make a few brief examples of why a 1099 worker make more hourly than a division of a saleried worker.
basic:
who pay health for a 1099?
who pay health for an employee?
lets make a quick jump
lets say you notebook needs replacing?
a contractor, 1099 does not ask the employer to buy it right?
Lets consider paid days off
1099 w2 contract does not get 1 paid day off not even if your sick, not new years, not Xmas.
so maybe to do simple math ok take simply hired network engineer x area = annual / weeks + 40% = hourly.
How bout if your a sys admin and you need a link runner or a DTX 1800, do you rent one or buy it.
depends contractor or employee, then? who pays?
you get it -
Everyone Member Posts: 1,661For 1099 you'd probably want to add a few $/hr to whatever you decide on for a W2 rate.
Exactly why I said that. Of course you are going to charge more for 1099.
Obviously you have it all figured out and didn't really need anyone's help.